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Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Mon, 28 Sep 2020, 5:19 PM

 

Technical View - Genting Malaysia Bhd (GENM,4715)

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Genting Malaysia Bhd (4715)

• GENM closed 4.0% or 10 sen higher to RM2.61 yesterday.

• Yesterday’s share price saw a bullish breakout from its short term moving average indicating positive buying momentum. Reopening of the casino and hotels is likely to buoy sentiments hence, this could be a start of major uptrend.

• As such, resistance levels are expected at RM2.66 (R1) and RM3.18 (R2).

• On the downside, support levels are seen at RM2.46 (S1) and RM2.08 (S2).

Source: Rakuten Research - 3 Jul 2020

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Labels: GENM

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